Lateral recruiting at the partner level is a complex process: from the initial contact with a prospective firm, through the exchange of information on clients and finances, interviews with other partners, and formulation of an offer, can take anywhere from a month to over a year. At the core of the process are actual meetings […]
Continue ReadingThe Lateral Lawyer® Process Explained: Switching Firms at the Partner Level
With over 1,700 “Big Law” partners switching firms even during the pandemic year of 2020, and lateral acquisitions still a key driver of firm revenue growth, lateral movement remains a prominent feature of the legal industry landscape. Innumerable factors impel lateral moves—from the desire for a better practice “fit,” to superior cross-marketing opportunities, to frustration […]
Continue ReadingPartner Compensation Always An Issue, But Rarely ‘The’ Issue
Lawyers, particularly those at AmLaw 100 or UK Magic Circle firms, are generally very well-compensated professionals. Although attorneys at these law firms rarely take home quite as much as their peers in banking, lawyer compensation is rarely the chief complaint of lateral partners seeking to switch firms. Rather, primary motivations typically include the desire to […]
Continue ReadingHow to Choose a Legal Recruiter
There is no shortage of legal recruiters. Many firm partners report annoyance at too-frequent calls from headhunters, some who demonstrate only passing familiarity with the practices for which they purport to be recruiting. Accordingly, law firm partners are truly in the catbird seat when it comes to choosing a recruiter. The following are a few […]
Continue ReadingOut-recruiting the Competition to Win the War for Legal Talent
Law firms’ fortunes rise and fall with the quality of their partners. By “quality” I do not mean partners’ brilliance, charisma, or ability to win cases and close deals. Rather, I define quality as members of law firm hiring committees do: a partner’s ability to bring in business. The fierce competition for high-quality, profit-generating legal […]
Continue ReadingThree Rookie Mistakes That Can Cost You A Lateral Offer
Ask any recruiter about the most frustrating part of his or her job, and you’ll likely receive a response along the lines of: “Keeping candidates from tripping over their own feet.” To be sure, many law firm partners are smooth, well-prepared, and wary of the most common recruiting pitfalls. Yet many–perhaps a full half of […]
Continue ReadingMaking the Most of Your Relationship with a Recruiter
For some attorneys, phone calls from legal recruiters are an occasional annoyance; for others, such calls are a welcome relief—even a potential lifeline. A lawyer’s attitude toward calls from recruiters often varies over time, depending on whether he or she is satisfied at a current firm, or whether a “change of venue” might represent a […]
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